---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-26-000006"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:28:23.762117+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers CEO Doug Yearley to become Executive Chairman; Karl Mistry named CEO effective March 30, 2026

## Summary
- Karl Mistry, EVP since 2021, promoted to CEO effective March 30, 2026; also to join Board.
- Doug Yearley transitions to Executive Chairman; will receive $6.6M total comp starting FY2027.
- Mistry's compensation: $1M base salary; $2.25M target cash bonus; $4.25M annual equity award.
- Yearley has been CEO since 2010; Mistry is a 22-year company veteran, most recently managing Eastern ops across 15 states.

## SEC filing metadata
- accession: 0000794170-26-000006
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01, 99.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417026000006/0000794170-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417026000006/tol-20260105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-26-000006
- JSON: https://secwatch.observer/filing/0000794170-26-000006.json
- Plain text: https://secwatch.observer/filing/0000794170-26-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.